Monthly Assessment definition

Monthly Assessment means the Unit Owner's share of the anticipated Common Expenses and Limited Common Expenses, allocated by Unit, for each month of the Association's fiscal year as reflected in the budget adopted by the Executive Board for such year.

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Monthly Assessment means an assessment made by the Board of Directors for, and a Unit’s individual share of, the anticipated General Shared Expenses and the anticipated Limited Shared Expenses associated with such Unit’s Limited Shared Elements for each month of the Association’s fiscal year as reflected by the Budget adopted by the Board of Directors for such fiscal year.

Monthly Assessment means the monthly assessment of the surplus, if any, (the “Monthly Surplus”) calculated on the basis of the difference between the Estimated Opex and the Budgeted Opex in the current month, such assessment to be made by the Owner and MC in conjunction with the Managers within 3 working days upon receipt by the Owner of the hire under the Charters for the current month. For the avoidance of doubt, if the Expiry Date of a Vessel falls within the respective month, the respective Vessel will be considered in the assessment merely for the time period until its Expiry Date.

Examples of Monthly Assessment in a sentence

The Occupant shall pay the Trust a Monthly Assessment of $100.00, which shall be due before the last day of each month, beginning the first calendar month during which Occupant obtains actual occupancy of the Premises.
Each Servicer shall, upon request of the Trustee, but at the expense of such Servicer, deliver to the assuming party all documents and records relating to each Subservicing Agreement or substitute Subservicing Agreement and the Mortgage Loans then being serviced thereunder and hereunder by such Servicer and an accounting of amounts collected or held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the substitute Subservicing Agreement to the assuming party.
The ▇▇▇▇▇▇▇▇▇ Inn Article 14.05, Monthly Assessment Account, will have no application.
A Monthly Assessment for Common Expenses and Shared Common Expenses is the personal liability of each Unit Owner and is due and payable on the first (1st) day of the month for which it is made, and shall constitute a lien (subordinate to any Permitted Mortgage) on the Unit for which it is made.
Date of Commencement of Annual or Monthly Assessment: Due Dates: Certificate of Payment.
The Regular Monthly Assessment shall commence on the Initiation Date as to all Lots in the Development, including those owned by the Declarant.
The failure of the Corporation to annually establish a Monthly Assessment does not relieve the Shareholder of the obligation to pay Monthly Assessments, and the last Monthly Assessment established by the Corporation shall remain in effect until a new Monthly Assessment is established by the Corporation.
This report shall include a summary of each of the following reports: the Monthly Assessment Report, the Monthly Tutoring Report, and the Monthly LST Report.
The Bylaws contain the mechanism by which the Corporation establishes the Monthly Assessment on the Apartment.
Such architect may be employed by the Board as a consultant and his compensation may be paid by the Board from the Regular Monthly Assessment.

More Definitions of Monthly Assessment

Monthly Assessment means a Unit’s individual share of the anticipated Common Expenses for each month of the Association’s fiscal year as reflected in the Budget adopted by the Executive Board for such year.

Monthly Assessment means and refer to the Base Assessments levied on all Units subject to assessment under this Declaration, as more particularly set forth in Paragraph 4.2 hereof, including to fund Common Expenses.